HomeEconomyPensions: the revaluation of 4% on pensions applied this Friday

Pensions: the revaluation of 4% on pensions applied this Friday

The revaluation of retirement pensions by up to 4%, provided for by the Purchasing Power Law, will apply from this Friday, September 9, with retroactive effect for the August monthly payment.

A helping hand for retirees. The revaluation of retirement pensions up to 4%, provided for by the purchasing power law approved this summer, will apply as of this Friday, September 9, the day of payment of retirement for the month of August. This increase in pensions affects the basic pensions of employees and civil servants in the private sector and adds to the automatic increase of 1.1% that occurred last January.

As a reminder: the retirement pension is paid at the beginning of the month of the previous month (on the 9th of each month, unless the 9th falls on a Saturday, Sunday or holiday). More simply, to take the example of the current month, the pension for the month of August is paid on September 9.

Retroactive

Supposedly applicable from the payment of the month of July, that is to say on August 9, the approval of the law had been too late to allow the deployment of this revaluation at that time. But don’t worry, nothing is lost for retirees: the amount corresponding to the revaluation of the July pension will be paid retroactively this Friday, September 9. Specifically, the additional sum that a retiree should have received last month will be paid this month.

However, beware of the Alsatians and the Mosellens. According to local law, the pension is paid on the first day of the month of the monthly payment in question (August payment is made on August 1). Therefore, the amount corresponding to the revaluation of the month of July and the month of August was paid with the payment of September 1.

Author: Jeremy Bruno
Source: BFM TV

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